History doesn't have to repeat itself and ADA's limited trading history is only so much to base its future price range off of. IF, and read the IF again, history does repeat itself; ADA has a long accumulation phase in front of it. At least another 12 months before a real and lasting bull market STARTS. Another 6-12 months after that before the next peak.
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The fed is still raising interest rates. The fate of Alt-coins is still tied to the health of BTC. FTX's collapse could spur Congress to take very aggressive measures with other exchanges, etc, etc. Things I'd like to see happen in a years time:
-The fed plateau's interest rates sometime in late summer.
-The fed signals and/or commits to lowering interest rates in 12 - 14 months time.
-Bitcoin hype begins to reemerge in the media after a 85% - 90% correction from prior high. (As of this writing, we're not at that point yet).
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Things I would tell the version of myself 1.5 years ago if I could:
-Do not fight the fed
-Make profits, take profits
-Watch Benjamen Cowen's youtube channel.
Not financial, investment, legal, or tax advice. Be smart out there.
~~
The fed is still raising interest rates. The fate of Alt-coins is still tied to the health of BTC. FTX's collapse could spur Congress to take very aggressive measures with other exchanges, etc, etc. Things I'd like to see happen in a years time:
-The fed plateau's interest rates sometime in late summer.
-The fed signals and/or commits to lowering interest rates in 12 - 14 months time.
-Bitcoin hype begins to reemerge in the media after a 85% - 90% correction from prior high. (As of this writing, we're not at that point yet).
~~
Things I would tell the version of myself 1.5 years ago if I could:
-Do not fight the fed
-Make profits, take profits
-Watch Benjamen Cowen's youtube channel.
Not financial, investment, legal, or tax advice. Be smart out there.